Syndicate Bank on Tuesday sought to assure its customers, stakeholders and all concerned that the fundamentals of the bank continue to be robust and that it was functioning normally.
This follows the suspension of its Chairman and Managing Director, Sudhir Kumar Jain, on Monday by the Government after he was arrested by the Central Bureau of Investigation on Saturday for allegedly receiving a bribe of Rs 50 lakh to extend credit limit to steel companies -- Bhushan Steel and Prakash Industries.
In a press statement, the Bank, further, reiterated its commitment to continue satisfactory customer services and assured that all customers can avail themselves regular banking services as usual. The Syndicate Bank scrip was trading flat at Rs 134.75 in the intraday trade at the BSE on Tuesday.